Disruptive technology

March UK housing snapshot

  • Companies : Purplebricks Group plc | Rightmove plc

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AO World plc NEUTRAL 22/09/21 N/A N/A 89.1p
ASOS plc NEUTRAL 29/09/21 N/A N/A 1608p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 638p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 1046c
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 91.8p
Carvana Co NEUTRAL 09/02/22 N/A N/A 11946c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 21286c
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 115p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 4181c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 12090c
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 4254c
In the Style Group plc OUTPERFORM 22/09/21 N/A N/A 76.0p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 3306c
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 235p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 42.5p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 362p
On the Beach Group plc NEUTRAL 06/10/21 N/A N/A 230p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 23.4p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 635p

DAVY VIEW

We follow the UK housing market to inform our view on Rightmove (RMV) and Purplebricks Group (PURP). RMV is less impacted by the ups and downs but PURP seems to struggle in a challenging market. Akin to the capital markets, observers are confused – what happens next? March 2022 produced a further drop in the sentiment-led Twindig index, down 2%, but transactions and mortgage approvals were up 5% and 14% respectively against long-run averages.

Download full report with analyst certification and important disclosures

Apr 4 2022, 08:05 IST/BST

Download